Electra Stone Ltd(TSXV:ELT) is pleased to announce that the Company's joint venture, Vancouver Jade Mining Corp. ("Vancouver Jade") has entered into an exclusive sales and distribution Agreement with Pure Natural Stone of Verona, Italy (the "Agent").
Under the terms of this 3 year, $2,100,000 USD sales agreement the Agent will have the exclusive right to promote, market and sell all Vancouver Jade products throughout Europe.
John Costigan stated, "This agreement demonstrates that BC Jade can compete with traditional dimensional stone in the high end luxury and design markets. The first mover advantage we have by entering and establishing the Vancouver Jade brand in the European market is of significant value."
About Pure Natural Stone
Pure Natural Stone is a company specialized in solid solutions in natural stone. They are based in Verona, Italy, from where they deliver natural stone products like slabs and tiles and luxury handcrafted finished products. For more information please visit www.purenaturalstone.com.
About Electra Stone
Electra Stone Ltd. is building a vertically integrated public Nephrite Jade mining, trading & marketing company. Electra is focused on growth in the Global luxury dimensional jade markets utilizing a low cost, low waste method of extraction to bring a competitive jade product to consumers of luxury marble and unique stone products. Electra is proud to be working with Quartz Creek Developments and Dean Cloutier Luxury Designs to bring luxury Jade dimensional slabs and custom works to a global audience through the Company's new Joint Venture "Vancouver Jade". For information on Vancouver Jade or questions regarding Luxury Jade Slabs or custom designed products please visit www.vancouverjade.com or contact firstname.lastname@example.org.
On behalf of the Board of Directors,
President and Director
Forward Looking Statement
The information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Electra cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Electra's control. Such factors include, among other things: risks and uncertainties relating to Electra's limited operating history, Electra's ability to produce and sell jade and jade based products, the need to comply with environmental and governmental regulations, the successful development of a market for jade products in Europe, we may not be able to finance our plans, markets may not develop as expected, we may not be able to develop markets for dimensional or industrial jade and competitors may sell better or less expensive products and take our expected market share. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Electra undertakes no obligation to update or revise forward-looking information publicly. For a detailed list of risks and uncertainties as it relates to Electra Stone Ltd., please refer to the risks and uncertainties listed in Electra's MD&A filings for its fiscal year end filed on SEDAR.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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